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Ninewest Credit Union in Charlottetown, Prince Edward Island, loaned $70,000 to Darcy Lake on a six-month, 5% note. Record the following for Ninewest Credit Union:

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Ninewest Credit Union in Charlottetown, Prince Edward Island, loaned $70,000 to Darcy Lake on a six-month, 5% note. Record the following for Ninewest Credit Union: a. Lending the money on March 6. b. Collecting the principal and interest at maturity. Specify the date. Explanations are not required. a. Record the lending of the loan. (Record debits first, then credits. Explanations are not required.)

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